Canada: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Canada

After two years of growth, the Canadian industrial monocarboxylic fatty acids market decreased by -12.3% to $X in 2021. Over the period under review, consumption showed a noticeable descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Industrial Monocarboxylic Fatty Acids in Canada

In value terms, industrial monocarboxylic fatty acids production declined to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 47% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Canada

In 2021, shipments abroad of industrial monocarboxylic fatty acids decreased by -39.5% to X tons, falling for the third consecutive year after five years of growth. Overall, exports, however, enjoyed a pronounced expansion. The pace of growth was the most pronounced in 2014 when exports increased by 110%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, industrial monocarboxylic fatty acids exports reduced to $X in 2021. In general, exports showed a noticeable decline. The pace of growth was the most pronounced in 2014 with an increase of 160%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for industrial monocarboxylic fatty acids exports from Canada, with a 61% share of total exports. Moreover, industrial monocarboxylic fatty acids exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), threefold. China (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+48.9% per year) and China (+112.4% per year).

In value terms, the United States ($X) remains the key foreign market for industrial monocarboxylic fatty acids exports from Canada, comprising 68% of total exports. The second position in the ranking was taken by Germany ($X), with a 17% share of total exports. It was followed by China, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+38.5% per year) and China (+104.6% per year).

Export Prices by Country

In 2021, the average industrial monocarboxylic fatty acids export price amounted to $X per ton, picking up by 57% against the previous year. In general, the export price, however, recorded a abrupt setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-3.7%), while the prices for the other major destinations experienced a decline.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Canada

In 2021, approx. X tons of industrial monocarboxylic fatty acids were imported into Canada; declining by -4.3% on the year before. Overall, imports, however, posted a significant increase. The growth pace was the most rapid in 2014 with an increase of 206% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, industrial monocarboxylic fatty acids imports soared to $X in 2021. Over the period under review, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 106%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest industrial monocarboxylic fatty acids supplier to Canada, with a 73% share of total imports. Moreover, industrial monocarboxylic fatty acids imports from Malaysia exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. India (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia totaled +46.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.7% per year) and India (+12.6% per year).

In value terms, Malaysia ($X) constituted the largest supplier of industrial monocarboxylic fatty acids to Canada, comprising 65% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports. It was followed by India, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia stood at +39.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.2% per year) and India (+14.9% per year).

Import Prices by Country

In 2021, the average industrial monocarboxylic fatty acids import price amounted to $X per ton, with an increase of 39% against the previous year. In general, the import price, however, continues to indicate a deep slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and India ($X per ton), while the price for Malaysia ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :